For Sale
$1,000,000

498 Maine Ave Farmingdale, ME 04344

High-traffic corner lot, multiple revenue streams.

Overview

Added:
Feb 3
Days on market:
73
This exceptional investment property at 498 Maine Avenue, Farmingdale, ME, presents a unique opportunity to acquire a thriving business with significant upside potential. The 0.43-acre lot boasts high visibility on a busy road and ample parking. The property comprises a 3,534 square foot building encompassing both residential and commercial space. The residential component is a three-bedroom, one-and-a-half-bathroom home featuring a spacious kitchen, dining area, and a full unfinished basement. The commercial space, totaling over 1200 square feet, currently operates as a medical cannabis retail and manufacturing facility. This area is divided into approximately 400 square feet of retail showroom and over 800 square feet of production space, including a kitchen/lab area. A separate office/outbuilding is situated behind the main commercial structure. A key feature of this offering is the inclusion of the only medical cannabis license in Farmingdale, which transfers with the sale. The property's location and existing license present a compelling opportunity for continued operation within the established medical cannabis market, with potential for expansion into recreational cannabis manufacturing and retail, subject to applicable regulations and licensing. The combined residential and commercial aspects offer multiple revenue streams, making this a truly unique and attractive investment. Priced at $1,000,000.

Property Details for 498 Maine Ave

Property type
Retail properties
Square Feet
3,534 SF
Year Built
1934
Lot Size (sq. ft)
18,731 SF

Location Insight

City
Farmingdale
County
Kennebec
State
Maine
Latitude
44.25504
Longitude
-69.77334
498 Maine Ave, Farmingdale, Maine

FAQs

What type of property is this?
Retail property - High-traffic corner lot, multiple revenue streams.
Where is the retail property located?
The property is located at 498 Maine Ave Farmingdale, ME.
What is the asking price?
The asking price for this property is $1,000,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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498 Maine Ave
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